PT Mitra brings high yield debut and swansong

An unusual high yield bond deal by an Indonesian "telecom operator".

Jackie Horne

September 08, 2004

Lead manager UBS completed a well-received $270 million bond deal for PT Mitra Global Telekomunikasi Indonesia (MGTI) on Tuesday. The three-tranche Reg S issue represents the first dollar bond from Indonesia since the spring and its success appears to show that the Asian yield market may be finding its feet again after a difficult six months.

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